Rialto Eng Share Discussion Threads

[gwr7] 14/11/2013 10:19

I'm not saying Rialto won't delist in order to save costs Treacle, but I'm sure there will be a mechanism to allow Australians to keep holding if they want to so do not see delisting as an issue that should be pushing down the price now. Forcing Australian investors to sell now would be stupid imo.

Boz, Vitol don't own 65% of Rialto PLC. They have 65% of Rialto CDI which is a separate limited company. Rialto PLC have the other 35% of Rialto CDI. My hope is that Rialto PLC retains the recoverable costs but I think not.

If Rialto have given away 65% of recoverable costs it seems to me they effectively paid Vitol about $70m to take 65% of their interest in the block. That would surely be the worst farmout in history.

[treacle32] 14/11/2013 09:59

minho
14 Nov'13 - 09:57 - 1347 of 1347 0 1 (Filtered)

Unbelievable, I thought we were going to see you at Xmas with champagne as YOU SAID - frittle AIM investors. Amazed me with number of filtered minho posts cropping up.

[minho] 14/11/2013 09:57

Treakle 32. CAUGHT as a LIAR on MTV Look up post 4108 a good read. CAUGHT.

[treacle32] 14/11/2013 09:30

"I'm concerned about the ASX price action. On balance I think the Australians know the company better than their UK counterparts and I've made that view known a number of times. It was listed in Australia long before the UK don't forget".

- I don't think its a red herring. Rob just doesn't say things for the sake of it as proved. You all doubted the PSC would be signed by 9th November - I was the only one saying yes it will if he's given a date.

He's said the dual listing is being reviewed which means its being reviewed.

If I was a holder on ASX I would be selling too. Simple as that in layman terms.

Concentrate on Ivory Coast, Ghana and AIM.

Save costs - ASX listing fees are quite high and I think more than AIM.

Already closed Australian offices.

[boz2112] 14/11/2013 09:22

Vitol have to fund 65% of future development costs so it is only fair. It is in vitols best interests to keep ria aflot now not much risk of going broke anymore

[boz2112] 14/11/2013 09:18

Well since they own 65% of Rialto of course they will receive those costs back that's no surprise?

[gwr7] 14/11/2013 09:04

Personally I'm concerned about the ASX price action. On balance I think the Australians know the company better than their UK counterparts and I've made that view known a number of times. It was listed in Australia long before the UK don't forget.
I think the listing talk is a red herring. Rialto wouldn't be stupid enough to cut those guys adrift by forcing them to sell in my opinion.
I'm concerned that last night's fall may be due again to the nature of the Vitol deal. Sadly, I think Vitol have 65% of Rialto's recoverable costs. I don't want to believe that as I think Rialto's long suffering shareholders bore the brunt of the massive losses (written down in the prelims) due to rotten management decisions last year, and Rialto shareholders should retain the entire benefit of the recoverable costs, but in this game you have to plan for all eventualities. I tried to clarify this point with the company but have not yet received a reply.

[treacle32] 14/11/2013 09:01

In addition, all the millions & millions buying to a high of 2.89p long forgotten too.

Nothing change and a super long term share and Rob's top-up of £19,000 another tick in the box. Other AIM stocks would scream for such a top-up or their original over £100,000 buying.

Clear out the ASX issue and so better for long term. All these posters who won't posting on blue days on ride from 1.30p to 2.90p suddently coming out all flustered.

[treacle32] 14/11/2013 08:47

Simple logic on ASX - the wrong people in this game still don't understand and paying for Level 2 would go along way too. Either have a long term ASX issue drag or put up with it like I am happily. A little bit of selling on ASX again - would we not be selling too if our listing could be going? Like I said earlier, every day panic posters and Rob buying even more at 2.28p is long forgotten even though it was only yesterday. All these are the ones who have greed, can't look at the bigger picture, no research properly - typical AIM investors at the moment.

Pay for Level 2 tight gits and see how high they remain on offer with just 1 on 2.10p before 2.30p again

[treacle32] 14/11/2013 08:45

Boz2112
14 Nov'13 - 08:36 - 1337 of 1338 0 1 (Filtered)

Stockologist
14 Nov'13 - 08:42 - 1338 of 1338 0 1 (Filtered)

It was only me then from 1.30p rise to 2.90p and now all these posters bashing the share and posting so much having come out of their cupboard. All cowards not posting before.

[stockologist] 14/11/2013 08:42

It's funny. My memory of Rob at Dominion was that he and the rest of them failed bigtime yet he still has money to wang around ?

So if he fails at RIA he will probably still coin it ? unlike shareholders I bet

Oh my other memory of him is he posted on the DPL thread so he is free to come back at me here if my recollection is flawed

[boz2112] 14/11/2013 08:36

LOL at Treacle blasting the ASX listing AGAIN. EVERYDAY FOR THE PAST 2 MONTHS

[treacle32] 14/11/2013 08:13

ASX issue again - 15% down prior to ASX listing going imo.

Retail punters selling well below what Rob paid for his top up and £19,000 worth - all that is forgetten quickly.

[house atreides] 14/11/2013 08:09

tbh the whole de-listing thing was always a red herring. it may or may not happen but just isn't the major issue treacle thinks it is. ultimately its fundamentals and future cash flow that will determine the sp

[house atreides] 14/11/2013 07:59

I reckon 32c is support on the ASX chart, after that we bounce. also noticed it closed close to the bid rather than the offer.

like GW said low volume.

[gwr7] 14/11/2013 07:47

Not on high volume though.

[stockologist] 14/11/2013 06:58

wow RIA getting crushed in OZ down 15%

[boz2112] 14/11/2013 06:19

I blame Treacle for the fall on the ASX, spreading malicious rumours of a delisting. Of course I am "Filtered" so he will not respond to this post.

[house atreides] 13/11/2013 17:56

tbh GWR7 fair enough. I will keep my posts to RIA.

encouraging day too given the FTSE. Still see reverse H&S forming but we'll see.

[gwr7] 13/11/2013 08:48

Treacle provides useful info imo but seems to be ultra stressed. Anyway he's a blue user on ADVFN so can say what he likes. I wouldn't be bothered with pointless slanging matches though and I haven't seen anything on here that deserved such vitriol. If anything people will come on to wind him up more and personally I'm already bored of that and may stop posting on here if it continues.

[treacle32] 13/11/2013 08:46

227,300 at 2.34p is also a buy & now blue...

[treacle32] 13/11/2013 08:44

My large buyer observation from yesterday.

500,000 just published at 2.34p is a buy.